But have you also thought:
- How to secure your cryptocurrency?
- Which wallet should I be using?
- Where to find good cryptocurrency security tips?
- How not to get my crypto hacked?
Owning cryptocurrencies allows you to be your own bank. While it may feel good not having a central authority looking over your shoulders, such freedom comes with a great deal of responsibility. Being your own bank means you must now decide how to protect your cryptocurrencies. Ignore this and risk losing your crypto. Below is a list of areas where precautions are necessary, together with a few examples of what could go wrong in each.
1.Using cryptocurrency wallets
WGGW: Downloading fake wallets, using weak pins, not making adequate backups.
2. Using cryptocurrency exchanges.
WGGW: Using fraudulent exchanges, storing funds on exchanges, revealing login credentials to fake support staff
3. Sending and receiving funds
WGGW: Sending funds to wrong person, paying excessive fees
4. Inheritance planning
WGGW: Your family and loved ones have no way of retrieving your funds.
In the subsequent parts of this mini-series, we would discuss each of these aspects and provide easy to follow tips to users on how they can protect their funds.
Visit us at [url=https://whotookmycrypto.com]WhoTookMyCrypto.com[/url] for more [url=https://whotookmycrypto.com]cryptocurrency security guides[/url].
In Part 2, we discuss [url=https://forum.bitcoin.com/bitcoin-basics-f128/the-quick-and-easy-cryptocurrency-security-guide-general-security-best-practices-part-2-t115999.html]General Security Best Practices (click here)[/url].